The federal government launched the First-Time Home Buyer Incentive (FTHBI) on September 2, 2019. With funding of $1.25 billion dollars to be used over the next three years, this program aims to help thousands of Canadians become homeowners. If you qualify, you apply for a 5% or 10% shared equity mortgage with the Government of Canada.

First-Time Home Buyer LoansThe average person borrows money from a financial institution to finance the purchase of their first home. Mortgage loans are steadily paid off over several years. Here are some things you should know about taking out a mortgage loan to...

Many are the times I meet Canadians who wish they knew a bit more about the mortgage process before they bought their first homes and knew more about Canadian mortgage rates. The prospect of owning a home for the first time home buyers is extremely exciting, but can...

If you’re considering buying your own home for the first time – congratulations, you are embarking on one of the most satisfying experiences of your lifetime. There is nothing like walking through the doors of your own home and knowing that it is yours. Of course,...

If you are taking your first step to becoming a first time homebuyer, you need to save for a downpayment. To get you started, you will first need to find out how your willing to pay for a home by checking our prices in your preferred neighbourhood. Next, use the...

Corporate

CompareMyRates.ca is an independent platform, not affiliated to any specific service provider or company. Our sponsors place featured advertisements of their products and services on our website. And, we receive compensation each time you click on link posted on our website. This compensation influences the placement of the ads and the order in which they appear. Although CompareMyRates is dedicated to providing you with the most comprehensive information possible, we may not include every company and product available in the market.